India Court Rules Mallya Offender Paving Way for Asset Seizure

  • Order strenghtens efforts to get Mallya back from London
  • Tycoon facing cases in India over repayment of bank loans

A special Indian court on Tuesday declared former billionaire Vijay Mallya a proclaimed offender in a loan case, a federal investigation body said, in a move that paves the way for banks to take over his properties.

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